Clarus Co. (NASDAQ:CLAR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Clarus Co. (NASDAQ:CLAR) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.92.

Several research analysts have issued reports on CLAR shares. B. Riley raised their price target on shares of Clarus from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, May 6th. StockNews.com upgraded shares of Clarus to a “sell” rating in a research note on Thursday, April 11th.

Clarus Stock Performance

Clarus stock opened at $6.11 on Monday. Clarus has a 52-week low of $4.77 and a 52-week high of $9.38. The firm has a 50 day moving average price of $6.48 and a two-hundred day moving average price of $6.35. The firm has a market cap of $234.01 million, a price-to-earnings ratio of 23.50 and a beta of 0.89.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. Clarus had a net margin of 3.08% and a return on equity of 1.01%. The firm had revenue of $69.31 million during the quarter, compared to analyst estimates of $64.20 million. As a group, equities research analysts predict that Clarus will post 0.14 EPS for the current fiscal year.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were paid a $0.025 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.10 annualized dividend and a dividend yield of 1.64%. Clarus’s dividend payout ratio is currently 38.46%.

Institutional Trading of Clarus

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in Clarus by 23.1% during the 4th quarter. SG Americas Securities LLC now owns 15,386 shares of the company’s stock valued at $106,000 after purchasing an additional 2,891 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Clarus by 30.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after purchasing an additional 3,658 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Clarus by 71.5% during the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock valued at $101,000 after purchasing an additional 6,213 shares in the last quarter. Olympiad Research LP increased its stake in Clarus by 54.4% during the 4th quarter. Olympiad Research LP now owns 19,580 shares of the company’s stock valued at $135,000 after purchasing an additional 6,898 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Clarus by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 285,128 shares of the company’s stock valued at $1,919,000 after purchasing an additional 9,175 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.